Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells 18,700 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total transaction of $503,778.00. Following the completion of the sale, the chief financial officer now directly owns 279,857 shares in the company, valued at $7,539,347.58. This trade represents a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clearwater Analytics Stock Up 3.4 %

NYSE:CWAN opened at $28.01 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The firm has a market cap of $6.92 billion, a PE ratio of 2,803.40, a price-to-earnings-growth ratio of 7.27 and a beta of 0.72. The company has a 50-day moving average of $29.12 and a 200 day moving average of $25.64. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada reduced their price target on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday. Oppenheimer upped their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $35.00 to $32.00 in a research report on Tuesday. Wells Fargo & Company upped their price target on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $23.00 to $33.00 in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Clearwater Analytics presently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

Hedge Funds Weigh In On Clearwater Analytics

Several institutional investors have recently bought and sold shares of CWAN. Chartwell Investment Partners LLC lifted its holdings in Clearwater Analytics by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock worth $1,233,000 after buying an additional 395 shares during the period. GAMMA Investing LLC raised its position in shares of Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after acquiring an additional 468 shares in the last quarter. IHT Wealth Management LLC lifted its stake in shares of Clearwater Analytics by 5.5% during the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock worth $288,000 after purchasing an additional 598 shares during the last quarter. Blair William & Co. IL boosted its position in Clearwater Analytics by 1.6% during the second quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock valued at $786,000 after purchasing an additional 680 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after purchasing an additional 995 shares during the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Company Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.